Hash rate (sometimes called the hash power) is the speed at which a cryptocurrency mining device operates. To be successful at mining, speed is of the essence since the miner is trying to solve a question, add a block the the chain and reap the rewards before anyone else.
A hashrate is a measure of how many calculations can be performed per second and can be measured in billions, trillions, quadrillions, and quintillions. For example, a hashrate of 1TH/s means one trillion calculations can be performed every second. These calculations that are being measured have to do with mining.
Hash rate measurement and units. To compute a hash rate, the unit hashes per second (h/s) is used. This is used to gauge the speed of the machine used for bitcoin mining. It is counted using terms like Kilo, Mega, Giga, Tera, Peta, and Exa. For example: 1 kilo hash per second (1 Kh/s) = one thousand hashes per second (1,000 h/s)
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